[Malaysia and Singapore Join Forces to Investigate Illegal AI Chip Exports; US Commerce Secretary Under Investigation Simultaneously] BlockBeats reports on November 13th, citing Reuters and other media outlets, that the Malaysian Ministry of Trade stated today that it is cooperating with customs authorities to verify whether chips brought into Malaysia by SpeedMatrix, a subsidiary of Singaporean cloud computing company Megaspeed, were re-exported to other countries, and whether these re-exports complied with the law. Meanwhile, Singapore yesterday indicted its fifth suspect in the case: 34-year-old Shi Bingzhe, charged with 41 counts. He is suspected of concealing end-user information when purchasing servers from Dell, Supermicro, and ASUS, and transshipping the equipment to Malaysia. Furthermore, US Commerce Secretary Rutnick has formally agreed to testify before the Senate on December 10th regarding chip distribution, export controls, and national security issues. Market analysts point out that SMIC may be a direct beneficiary of these events. On December 12th, SMIC's Q3 2026 financial report showed that the company's revenue share from China rose to 90.8% (approximately 90.2% in the previous quarter and 86.2% in the same period last year), while the US share fell to 7.8%. [Original Link]